FORA Capital LLC Buys New Holdings in Fiserv, Inc. (NYSE:FI)

FORA Capital LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the third quarter, HoldingsChannel reports. The fund bought 1,825 shares of the business services provider’s stock, valued at approximately $328,000.

A number of other large investors have also recently bought and sold shares of FI. Family Firm Inc. purchased a new stake in Fiserv in the 2nd quarter worth approximately $31,000. Clean Yield Group boosted its position in Fiserv by 431.3% in the 3rd quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Cedar Mountain Advisors LLC boosted its position in Fiserv by 42.5% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 191 shares of the business services provider’s stock worth $34,000 after purchasing an additional 57 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Fiserv by 95.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 260 shares of the business services provider’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Finally, Kennebec Savings Bank purchased a new stake in Fiserv in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now directly owns 38,771 shares in the company, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. This represents a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 235,821 shares of company stock worth $44,299,745. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. TD Cowen upped their price objective on Fiserv from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their target price on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Stephens increased their target price on Fiserv from $170.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group increased their target price on Fiserv from $188.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $214.29.

Fiserv Stock Up 0.2 %

Shares of FI opened at $220.96 on Friday. Fiserv, Inc. has a 52-week low of $128.43 and a 52-week high of $223.23. The company has a market capitalization of $125.71 billion, a PE ratio of 42.49, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. The stock has a fifty day simple moving average of $200.25 and a two-hundred day simple moving average of $173.09. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. The business had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. As a group, equities analysts forecast that Fiserv, Inc. will post 8.77 EPS for the current year.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.